IPO-Bound Pernia Pop Up Shop’s FY26 Net Loss Widens 52% YoY To ₹285.4 Cr

Pernia Pop Up Shop, a subsidiary of Purple Style Labs, reported a widening net loss in the fiscal year ending March 31, 2026 (FY26). The company's loss increased by 51.5% to ₹285.4 Cr, compared to ₹188.4 Cr in the previous year. Despite an increase in operating revenue by 14% to ₹557.8 Cr, the company's total income rose by 14.8% to ₹567.1 Cr, including other income of ₹9.2 Cr.

Gross merchandise value (GMV) grew 23% year-over-year to ₹721.6 Cr, while international GMV declined from 28.38% to 20.3%. The company opened a New York store in February 2026, positioning international expansion as a key growth opportunity. Founded in 2015, Purple Style Labs operates Pernia's Pop-Up Shop, selling luxury fashion sourced from 1,109 active designer brands.

The company has raised $78 Mn in private equity funding and filed its IPO prospectus with the regulator in January 2026, with the net proceeds to be used for lease liabilities and sales/marketing expenses.